16.—(1) This regulation prescribes a purpose for which the trustees of a trust scheme (whether or not a money purchase scheme) may by resolution modify the scheme under Article 68.
(2) The purpose is to enable—
(a)a scheme apportionment arrangement, or
(b)a regulated apportionment arrangement,
to be entered into.
(3) No modification may be made for the purpose in paragraph (2) unless the trustees have consulted such employers in relation to the scheme as they think appropriate.]
Textual Amendments
17.—(1) This regulation shall apply for the purposes of [F2Article 75(6D)(b)(i)] (by virtue of which where a members' voluntary winding up of an employer is stayed, Article 75 has effect as if the resolution for the winding up had never been passed and any debt which arose under that Article by virtue of the passing of the resolution had never arisen, except where the winding up is stayed in prescribed circumstances).
(2) The circumstances that are prescribed are where the stay is granted for a limited period.
Textual Amendments
F2Words in reg. 17(1) substituted (6.4.2010) by The Occupational Pension Schemes (Employer Debt and Miscellaneous Amendments) Regulations (Northern Ireland) 2010 (S.R. 2010/111), regs. 1(1), 16
Commencement Information
18. The Regulations specified in Schedule 2 are amended as specified in that Schedule.